Ether price hits new highs above $2,560

Ethereum • April 22, 2021, 7:46AM EDT

Ethereum's price has hit new all-time-highs over $2,560 on Coinbase Pro.

The price of the second-largest cryptocurrency by market capitalization jumped above the $2,500 level for the first time around 10:30 UTC on Thursday.

The price growth continued to above $2,560 and is changing hands around $2,540 as of press time, which represents a 13% increase over the past 24 hours.

Data from CoinGecko shows that Ethereum's market capitalization is around $297 billion, nearing the $300 billion threshold.

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Wolfie joined The Block’s news team in 2020 and switched to the research side in 2021 to focus on crypto mining analysis. Prior to The Block, he had been a journalist at CoinDesk for three years. Wolfie has a background in financial journalism.